France
Siparex holds EUR 450m final close for ETI 5
Mid cap-focused fund is 60% larger than its 2017-vintage predecessor and has made four investments
Eurazeo reaps 3.7x money on Orolia exit to trade
Sale of majority stake in French precision electronics group generates EUR 189m in cash proceeds
Apax heads for second small-cap fund with EUR 350m target
French GP seeks private and institutional investors with a minimum commitment of around EUR 100,000
Corporates best placed for autumn IPO window as sponsors sit out
GPs expected to continue to ditch listings in the short term in favour of sale exits, longer holding periods
Unigestion holds EUR 900m final close for fifth secondaries fund
Fund is more than three times the size of its predecessor and is more than 50% committed
Adagia in exclusivity to buy Motion Equity's Minlay
GP beats out Apax, Naxicap in auction final round; deal marks second transaction from its debut fund
Deft deployment, creative exits drive PE agenda into H2 2022
Take-privates, bolt-on opportunities and demand for resilient healthcare and technology assets offer hope for challenging second half of the year
Apax Partners launches sale of network performance group Infovista
Jefferies and SocGen advise on auction; indicative bids due before summer break
AlpInvest leads Equistone's Sicame continuation fund deal
The deal is Equistone's inaugural continuation vehicle in process first reported by Unquote
Capza launches SME decarbonisation fund with EUR 1.3bn target
Second vintage of the SME-focused strategy will aim to support its portfolio companies with decarbonisation
Earlybird holds Growth Opportunity V first close
Later-stage fund has a EUR 300m target and will mainly back existing Earlybird investments
Equistone, IK invest in PE-backed Safic-Alcan
Paris-headquartered speciality chemical provider’s existing shareholders include EMZ and Sagard
Eurazeo in exclusivity for Sevetys acquisition
French sponsor beats Ardian and Antin in race for a majority stake in French veterinary chain
3i sells Havea to BC-led consortium
BC Partners is acquiring the French natural healthcare group with co-investors PSP and National Pensions Services Investment Management
Capza acquires minority stake in Nutravalia
French food supplements laboratory to seek opportunistic strategic acquisitions
Phoenix Court Group raises USD 500m for four VC strategies
London-headquartered VC is raising for its LocalGlobe, Latitude, Solar and Basecamp funds
GP Profile: Ergon hones in on long-term trends, ESG agenda
The European mid-market sponsor is eyeing growing and resilient businesses with its EUR 800m Fund V
LGT Capital closes first dedicated impact fund on USD 550m
Crown Impact will make co-investments, as well as primary and secondary fund investments
Equistone chooses continuation fund route for Sicame
GP had considered ownership options for the electricity distribution products and services provider
EcoVadis valued at over USD 1bn in Astorg, BeyondNetZero-led round
Deal brings total raised by sustainability rating group to USD 725m; CVC remains largest institutional shareholder
360 Capital holds EUR 45m first close on early stage tech fund
Square II will invest in pre-seed and seed rounds with a focus on French B2B software, consumer disruption, deeptech
Clearwater Multiples Heatmap: PE activity holds up amid war, inflation woes
Record levels of dry powder continue to bolster the resilience of the buyout market in Q1 2022
Advent begins Idemia premarketing ahead of summer sale launch
French biometrics specialist is expected to be marketed off EBITDA of more than EUR 200m
Unigestion launches third Direct fund with EUR 1bn target
Strategy invests in mid-market companies alongside the GP's investment partner network